Landscape Capital Management L.L.C. purchased a new position in Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,761 shares of the industrial products company's stock, valued at approximately $2,017,000.
Several other hedge funds and other institutional investors have also modified their holdings of DE. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Deere & Company by 2.5% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,795 shares of the industrial products company's stock worth $763,000 after acquiring an additional 43 shares during the last quarter. Atlas Capital Advisors Inc. boosted its position in Deere & Company by 420.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 7,057 shares of the industrial products company's stock valued at $2,990,000 after purchasing an additional 5,700 shares during the period. ExodusPoint Capital Management LP bought a new position in Deere & Company during the 4th quarter worth $5,646,000. Arete Wealth Advisors LLC increased its position in Deere & Company by 12.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the industrial products company's stock worth $1,019,000 after buying an additional 261 shares during the period. Finally, World Investment Advisors lifted its stake in Deere & Company by 156.4% in the fourth quarter. World Investment Advisors now owns 1,372 shares of the industrial products company's stock valued at $581,000 after buying an additional 837 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on DE. Argus set a $510.00 price objective on Deere & Company in a research report on Friday, March 7th. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday. UBS Group lowered their price target on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Baird R W cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $457.26.
Check Out Our Latest Report on Deere & Company
Deere & Company Stock Performance
DE stock traded down $12.38 on Thursday, reaching $440.21. 683,556 shares of the company were exchanged, compared to its average volume of 1,430,913. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The stock's fifty day moving average price is $471.63 and its 200 day moving average price is $442.69. The firm has a market capitalization of $119.48 billion, a PE ratio of 19.51, a PEG ratio of 2.14 and a beta of 1.00.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is 28.72%.
Insider Transactions at Deere & Company
In other news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the transaction, the insider now owns 74,878 shares of the company's stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by insiders.
Deere & Company Company Profile
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Free Report)
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
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